The Son of Finance of the Great Age

  Chapter 773 The Greek Riot (3)

   "Found it!"

Rodney Jones held a stack of thick documents and put them directly in front of Soros, "Avram Moras, the chairman of the Greek Labor Federation, is that bearded farmer. Chris Todo Samaris, the chairman of the National Association of Greek Public Officials, that well-dressed middle-aged man, used to be a prosecutor. And the oldest guy, the chairman of the Greek Tourist Association, is called Georges Lopulos , a fairly prestigious trade union president."

   "So he's planning a strike?"

Soros did not accept the documents, but glanced at Rodney Jones thoughtfully, and then said leisurely, "If I'm not wrong, these trade unions should be the largest and most registered unions in Greece. your union?"

   "You're right!"

Rodney Jones sat down, took a deep breath, and then nodded, "These trade unions have more than 2 million registered people, and they are the largest trade unions in Greece. As long as they make a call, the whole Greece may be in a state of stagnation immediately."

   "The only thing I don't understand is how did Chung-shik convince them to go on strike?"

  After thinking for a while, Rodney Jones couldn't help asking, "According to reason, the leaders of these trade unions should not be manipulated by the consortium, after all, they represent the interests of the working class."

"you are wrong!"

Regarding Rodney Jones' question, Soros shook his head slightly, with a look of disdain on his face, "According to your understanding, it is a trade union in the United States. In fact, in Europe, strictly speaking, it is in Greece, because the whole The country’s welfare mechanism is close to socialism, and although trade unions still represent the interests of labor, there are too many things that can be tricky.”

"Different from other major European countries, the people of Greece have been raised too much by their government, so even if there is a slight deprivation of their interests, their trade unions will be dissatisfied and strike at every turn, even if they know it is the government an act of desperation."

   "This is the selfishness of human nature. And don't underestimate Zhong Shi!"

Speaking of Zhongshi, Soros' face became serious, "This guy is very cunning, and judging from his current posture, it is obvious that he has been dealing with the Greek issue for a long time. According to his influence, I want to find out several trade unions. The chairman's handle, that is simply a piece of cake, after all, no one is perfect."

   "I understand when you say that!"

   Rodney Jones suddenly realized, and nodded heavily. All along, he has been doing technical work, and he is not very good at this kind of conspiracy. Even if he did some in Southeast Asia, he followed Soros' instructions, so it is not surprising that he didn't understand it for a while. . But the next moment a new question appeared in his mind, "Then we now..."

  He was well aware of Soros' deep hatred for Zhongshi, so he asked carefully. In fact, deep down in his heart, he does not agree with Soros's prejudice. There are no real friends or enemies in this market. This view of Soros will affect his rational judgment.

  There is another factor that affects Rodney Jones, that is, Zhongshi is making troubles in southeastern Europe, which is also a good thing for Quantum Fund. In this way, they can figure out the context of the incident without having to stand out. Under such circumstances, it is definitely a wonderful thing to follow the Tianyu Fund to make a fortune.

   He worries that Soros is ignoring this because of his hatred for Bell Stone.

"Not in a hurry!"

Fortunately for him, Soros did not blind his decision-making because of deep-seated hatred, and his head was still very clear, "Now is the time to short Greek government bonds, stocks and even European currencies. Rodney, I know What are you worrying about, but don't worry, I'm very sober now, it's not time for revenge!"

   "Isn't it time for revenge?"

Rodney Jones breathed a sigh of relief, but the next moment his heart was suspended again, "Not now? When will it be? It seems that Soros intends to use up the bell stone, and then kick He kicked it away! God, this world is too scary!"

  He was just thinking in his heart, but his face was calm, because he couldn't let his boss see what he really thought in his heart.

   "Look at this!"

   Naturally, Soros knew nothing about this, and threw a newspaper to the other party, "Not only is Zhongshi acting, but Goodman is also acting!"

This is today's "Wall Street Journal". In an inconspicuous corner of the fourth page, there is such a news item: "O'Neill Labrez, Global President and Co-Chairman of Goodman Company, recently held talks with the Greek Finance Minister. , the two sides discussed the original foreign currency conversion, and further exchanged views on the current market reaction. Among them, the Greek Finance Minister said that the foreign currency exchange agreement signed by the Greek government and Goodman was completely legal and compliant, and they welcomed the EU The committee is investigating the transaction and welcomes the publication of its findings."

"This…"

Rodney Jones read the news silently. Although his face was expressionless, his heart could not be calmed like a stormy sea. "Zhongshi and Goodman Company acted together? Does this mean that they are preparing to set off another wave of Eurozone debt crisis?"

"good!"

Soros slapped the table and said calmly, "Without this news, I can't be sure that the two parties colluded. But the facts are beyond dispute. What is certain now is that Zhongshi and Goodman Co. colluded and waited for an opportunity. Shorting certain countries in Europe. Judging from these reports, perhaps a few years ago, they colluded together and planned for this day. This can also explain why at the most critical moment of the financial crisis, Zhong Shi would Spare Goodman & Company!"

   "Is this really the case?"

  Although there are still some doubts in his heart, Rodney Jones has to admit that Soros's inference is the most convincing.

   "Absolutely!"

Soros said firmly, "The last time I didn't take pictures of their private meeting in New York, this shows that they are still maintaining a high level of vigilance in the United States. Fortunately, I bought the staff at the Hong Kong airport, so I knew The whereabouts of Zhong Shi. I believe this action is the result of their discussions in the United States."

"Hmph, even they, I'm afraid they don't realize what it will look like once the leaders of Europe get angry? At that time, they will look good. Especially Zhong Shi, a little guy from China, The background cannot be compared with that of Goodman, which has a deep connection with Capitol Hill, I want to see how they end up in the end!"

   Rodney Jones' heart tightened, and he tactfully did not speak again.

   What made Soros miscalculate was that the judgment he made today was actually purely coincidental. It is not the Goodman Company that cooperates with Zhongshi, but the US government directly. Although he succeeded in taking revenge on Zhongshi in the end, the huge price he brought also caused him to suffer heavy losses, and finally had to end in a very dishonorable way.

  …

   On April 9, Fitch, headquartered in the UK and one of the world's three major rating agencies, took the lead in launching an attack, once again announcing a downgrade of the Greek government's debt credit rating.

In a public statement, Fitch described the situation in Greece as follows, "Although in the past period of time, the Greek government has made various efforts to reduce the fiscal deficit and actively seek assistance from the outside world. But we have to say that regardless of Whether it is the European Commission or the IMF, there are strict regulations on aid. According to the current domestic situation in Greece and the game of various forces, we believe that it will be difficult to reach an agreement on fiscal austerity in a short period of time. We also feel very much about this Unfortunately. In addition, there is no risk of default on Greek government bonds in the short term, because the EU has provided an emergency loan. But in the long run, the credit side of Greek government bonds is still in trouble. Fundamentals have not improved, and funds are constantly flowing out. The ongoing troubles and rising domestic dissatisfaction have become uncertain factors. Based on these considerations, we have decided to downgrade the credit rating of Greece's national debt from BBB- to BB+, with a 'negative' rating outlook."

  "We will continue to observe changes in the situation in Greece. Once the fundamentals improve slightly, we will make adjustments based on the latest situation as soon as possible."

  The last paragraph can be regarded as leaving a step down for the Greek government, after all, it cannot force the other party too much.

Fitch's statement caused quite a stir in the market, but because of the previous action by the European Commission, although Greece's national debt officially fell to the "junk" level, the disturbance caused was still controlled within a limited range Inside.

   Regarding this situation, the Greek government did not even issue a statement. Obviously, they scoffed at the statement.

  But two weeks later, another rating agency, Moody's, followed up with a statement that made the Greek government unable to sit still.

   This time, Moody's issued a statement on Greece's sovereign debt rating.

  Different from government debt, this time Moody's is targeting Greece. After all, within a certain period of time, the main body of the government can be replaced, but the country of Greece will exist forever. So the sensation this time is far more sensational than that of Fitch.

   Moody's downgraded Greece's sovereign debt rating from Aa1 to A3, although it remains at the A level, which is basically the lowest level. This level tells investors all over the world that although Greece's current investment quality is good and its principal and interest funds are safe, its ability to repay principal and interest will decline at some point in the future.

   This is to tell the whole world nakedly that there needs to be an expected loss in consideration of Greece's ability to repay national debt.

   Regarding this statement, the Greek government couldn't sit still.

  They don’t know whether Standard & Poor’s will continue to follow up. Even if Standard & Poor’s does not follow up, the current behavior of the two major rating agencies to downgrade Greece’s credit rating has given them a taste of threat.

   On April 23, the Greek cabinet held an emergency meeting to discuss related issues overnight. The meeting was held very quickly. After obtaining the unanimous consent of all parties, the Greek government announced at the last moment of the day, that is, at 23:45 Greek time that night, that Greece would formally seek assistance from the European Union and the IMF.

  The reason why the news was announced quickly was that the Greek government naturally wanted to eliminate the adverse effects caused by the downgrading of credit ratings by rating agencies.

  But for the European Commission or the IMF, if they want to get real money from them, they must accept a series of harsh conditions. This has happened before in the Asian countries, and now it will happen again in Greece.

  This decision was made very hastily, but it is clear that for the current Greek government, there is no more way to go. After communicating with the European Union and the IMF, the current Greek government began to draft a fiscal deflation plan with extremely stringent conditions. In this plan, nationwide public expenditures such as medical care, insurance, and education will all be cut, and large state-owned assets will be gradually auctioned off.

  As long as this plan passes the Congress and is resolutely implemented, I believe they will be able to overcome this difficulty.

  The Greek government thinks so.

   Thanks to book friends Nanquan 99, 36662870, Bookworm 18622, Wenxi, and Mirage Runaway for voting monthly tickets! Thanks to the electromagnetist for continuing to reward! I was in a bad mood yesterday and accidentally made a mistake in the serial number of the title... But fortunately, the content is correct. I have been eagerly begging for votes every day for the past few days, and even I feel that my skin is too thick, but it has really become bleak since the end of this month. This low state will inevitably make it difficult to accept emotionally, so I will continue to be so cheeky and beg for votes , I hope that friends who have tickets will continue to actively support, monthly tickets and recommended tickets are both good, just support, thank you~

  (end of this chapter)